The export of gas turbine engines from South Korea is forecasted to grow steadily from 2024 to 2028, with values increasing from 600.82 million USD in 2024 to 645.42 million USD in 2028. In 2023, the export value stood at 589 million USD, denoting a year-on-year growth of approximately 2% from 2023 to 2024. Analyzing the year-on-year variation over the last two years, the growth from 2023 to 2024 was 2%, and from 2024 to 2025 is forecasted at 1.9%. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is about 1.8%.
Future trends to watch for include the global demand for gas turbine engines, advancements in engine technology, and geopolitical factors affecting trade. Additionally, South Korea's investment in research and development and its strategic partnerships in the aerospace industry could significantly influence future export growth.
